East Grand Rapids Michigan Real Estate Market Report March - September 2016 - Grand Rapids Real EstateGrand Rapids Real Estate

East Grand Rapids Michigan Real Estate Market Report March – September 2016

by Terry and Bonnie Westbrook

East Grand Rapids Real Estate Report

March – September 2016

78 Active Listings – from $159,900 to $ 1,600,000

0 Pending Listings

185 Sold Homes – from $ 142,000 to $ 1,475,000

Average Sold Price – $ 399,116

Sold home prices are leveling off in the last 7 months

in East Grand Rapids, with the average home sale at around $400K,

where it has been all this year.

For sale home inventory numbers are down and sales are

gobbling up listings almost as fast as they appear.

In the lower price brackets, be prepared for a bidding war

with other buyers, regardless of condition, to be a successful

real estate owner in today’s East Grand Rapids home market.

However, the higher bracket homes may take a while to sell,

days on the market vary for the last seven months from 0 to 378 days.

The average home spent about 35 days on the market before going

pending.

Been thinking of selling your East Grand Rapids home?

2016 could be the time to call for a custom analysis of what your home

might be worth in today’s market. And valuable advice on what updates

current buyers are willing to pay for and which ones they aren’t.

Don’t over improve your home! Buyers will pay more for some

improvements, but not all.

If you have questions about buying/selling an East Grand Rapids home,

give Terry a call at 616-292-7263.

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The authors of the this blog write about Grand Rapids Real Estate,

the Greater Grand Rapids MI area, and the current neighborhood markets in

Ada, Cascade, Forest Hills, Caledonia, Rockford and East Grand Rapids.

We believe: Grand Rapids is a Great Place to Live!

Grand Rapids Real Estate